Historic Nicaraguan córdoba Cuban peso

Nicaraguan córdoba cuban peso history for March 2024. The highest quote for this month is 0.65965 (06/03/2024) and the lowest 0.65965 (05/03/2024). The difference between high and low is 0.

NIO CUP average rate for March 2024 is 0.65731, the change between 01/03/2024 and 31/03/2024 is +0.27 %.

01 March 20241 NIO = 0.6571 CUP
02 March 20241 NIO = 0.6553 CUP
03 March 20241 NIO = 0.6553 CUP
04 March 20241 NIO = 0.6596 CUP
05 March 20241 NIO = 0.6595 CUP
06 March 20241 NIO = 0.6597 CUP
07 March 20241 NIO = 0.6562 CUP
08 March 20241 NIO = 0.6595 CUP
09 March 20241 NIO = 0.6553 CUP
10 March 20241 NIO = 0.6553 CUP
11 March 20241 NIO = 0.6596 CUP
12 March 20241 NIO = 0.6553 CUP

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

20/11/2009: Resumption of issuing Córdoba coins

The Central Bank resumed issuing córdoba coins, reintroducing denominations of 10, 25, and 50 centavos, and 1 córdoba.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

01/01/2001: Dollarization

Nicaragua adopted the US dollar as its official currency, effectively ending the era of the Nicaraguan córdoba as the national currency.

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

04/07/1991: Currency control and unification

The government implemented currency control measures, unifying the exchange rate at 5 córdobas oro per US dollar.

25/04/1991: Córdoba Oro becomes legal tender

The Córdoba Oro was declared as the only legal tender in Nicaragua, replacing the old cordoba.

01/02/1988: Introduction of the Córdoba Oro Currencies

The government introduced the Córdoba Oro as a new currency, replacing the previous currency, with an initial rate of 1 córdoba oro = 1,000 córdobas.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.

01/03/1932: Córdoba de Oro established

The Córdoba de Oro was introduced, replacing the previous córdoba at a rate of 10,000 to 1.

20/10/1912: Introduction of the Nicaraguan córdoba

The Nicaraguan córdoba was introduced as the official currency of Nicaragua, replacing the peso at a rate of 12.5 córdobas per US dollar.